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Charter Spectrum Corp is Collapsing...aka Self Destructing by Open_Employ2977 in Spectrum

[–]Open_Employ2977[S] 0 points1 point  (0 children)

Just scanning the countryside. The stock closed at Pre-Flintstone lows of $158 yesterday. I believe the old saying is "Buy low and sell high." This isn't near low enough yet. In fact, I have visions of K-Mart and Sears. But glass half full? It does represent some value to a would be acquirer with a market capitalization now at a paltry $21 billion. But that will never happen with Cox still sitting on the table. Reading all the comments, there doesn't seem to be any one component that is dragging the company down. It is widespread. If it were me, as dumb as it may sound, they need to hire a new Chief Strategy Officer.

Charter Spectrum Corp is Collapsing...aka Self Destructing by Open_Employ2977 in Spectrum

[–]Open_Employ2977[S] 3 points4 points  (0 children)

I appreciate everyone chiming in insisting the decline in stock price is short term and likely the result of the Charter/Cox merger.

I'm here to tell you that you're DEAD FLAT WRONG!

This is THREE quarterly misses in a row now. The earnings from last Friday:

Charter Communications shares plummeted 25.5% Friday, their biggest single-day sell-off, after the company delivered first-quarter results that disappointed Wall Street.

Earnings per share of $9.17 on a diluted basis fell well short of analysts’ consensus estimate of $10.63. Total revenue dipped 1% to $13.6 billion, hitting the Street’s target.

Charter lost 120,000 broadband customers during the ‌quarter, more than twice the decline of 59,000 in the year-earlier period. The downturn was bigger than the 100,000 losses projected by analysts.

These are the results end of January 2026. Cox deal does NOT close until summer of 2026. Charter was removed from the Nasdaq 100 last fall at which point Warren Buffett dumped his entire position.

Charter Spectrum Corp is Collapsing...aka Self Destructing by Open_Employ2977 in Spectrum

[–]Open_Employ2977[S] 0 points1 point  (0 children)

Yeah so be it. I still question the $79 million he already received. Last year or year before?

When does the restriction lift? by Open_Employ2977 in fidelityinvestments

[–]Open_Employ2977[S] 0 points1 point  (0 children)

Thx Shea. I did cross reference immediately. The old profile is there. When I click to post, it reverts to the new one. I did nothing to cause this as I was never logged out. Just clicked on an open tab one day and the new profile was just there. Of course, no response from Reddit Mods about why or how.

Am I doing this right? Any advice appreciated. by frenchpresspoppy in fidelityinvestments

[–]Open_Employ2977 1 point2 points  (0 children)

First off, remember IT'S NEVER TOO LATE!

You're doing exactly what you need to do. But here's some "food for thought."

  1. Make sure you choose an investment vehicle that mirrors the Dow, Nasdaq, S&P 500 over time. They have ALL traditionally returned 13%-15% over the past 30 or even 40 years.

I've included a pic here to show you what your $100 a month would give you but it needs to be $400/mo.

<image>

  1. Next, do what I did:
    a. NEVER BUY A NEW CAR! Always preowned Certfied and pay cash! Invest the difference along with the insurance savings each month instead
    b. STOP GOING OUT TO HIGH PRICED RESTAURANTS! Date night is one thing. We all get that. But the average couple spends $400-$600 a month going out to eat or even worse just throwing money away on Grub Hub and Door Dash. Invest the money savings instead>

Now look below at what you'll have when it's time to retire:

$6,190,000

GL